Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Short Interest Down 96.6% in May

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 11,911 shares, a decrease of 96.6% from the April 30th total of 346,499 shares. Based on an average daily trading volume, of 173,954 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Network-1 Technologies Stock Up 0.7%

NYSEAMERICAN:NTIP traded up $0.01 during midday trading on Wednesday, hitting $1.50. The stock had a trading volume of 20,983 shares, compared to its average volume of 127,135. Network-1 Technologies has a one year low of $1.16 and a one year high of $1.90. The company has a market capitalization of $34.29 million, a price-to-earnings ratio of -13.64 and a beta of 0.12. The stock has a 50-day moving average of $1.46 and a 200 day moving average of $1.41.

Network-1 Technologies (NYSEAMERICAN:NTIP) last announced its quarterly earnings data on Friday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter.

Network-1 Technologies Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 16th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a dividend yield of 690.0%. Network-1 Technologies’s dividend payout ratio (DPR) is presently -166.67%.

Institutional Trading of Network-1 Technologies

A number of institutional investors have recently made changes to their positions in NTIP. Northern Financial Advisors Inc acquired a new stake in shares of Network-1 Technologies in the 3rd quarter worth $29,000. Virtu Financial LLC acquired a new stake in Network-1 Technologies during the 3rd quarter worth about $25,000. Cannell Capital LLC lifted its position in Network-1 Technologies by 191.4% during the 3rd quarter. Cannell Capital LLC now owns 1,070,123 shares of the company’s stock worth $1,605,000 after acquiring an additional 702,833 shares during the period. Citadel Advisors LLC acquired a new stake in Network-1 Technologies during the 3rd quarter worth about $34,000. Finally, Canton Hathaway LLC lifted its position in Network-1 Technologies by 311.1% during the 1st quarter. Canton Hathaway LLC now owns 280,738 shares of the company’s stock worth $404,000 after acquiring an additional 212,447 shares during the period. Institutional investors and hedge funds own 29.07% of the company’s stock.

About Network-1 Technologies

Network-1 Technologies is a technology licensing company that focuses on the acquisition, development and monetization of intellectual property. The firm’s core business revolves around enforcing and licensing its patent portfolio to manufacturers and distributors of networking and power delivery equipment. By leveraging its proprietary technologies, Network-1 seeks to generate recurring revenue through negotiated licensing agreements and, when necessary, litigation to protect its patents.

The company’s principal assets consist of granted patents and patent applications related to Power over Ethernet (PoE) and network security technologies.